Today's Pre-Market Laggard Is Philip Morris International (PM)

Trade-Ideas LLC identified Philip Morris International (PM) as a pre-market laggard candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Philip Morris International

(

PM

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Philip Morris International as such a stock due to the following factors:

  • PM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $397.3 million.
  • PM traded 10,201 shares today in the pre-market hours as of 9:04 AM.
  • PM is down 2.3% today from Friday's close.

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More details on PM:

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. The stock currently has a dividend yield of 4%. PM has a PE ratio of 24. Currently there are 9 analysts that rate Philip Morris International a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Philip Morris International has been 4.3 million shares per day over the past 30 days. Philip Morris International has a market cap of $160.1 billion and is part of the consumer goods sector and tobacco industry. The stock has a beta of 1.00 and a short float of 0.8% with 2.70 days to cover. Shares are up 17.9% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Philip Morris International as a

hold

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share.

Highlights from the ratings report include:

  • Net operating cash flow has significantly increased by 223.20% to $462.00 million when compared to the same quarter last year. In addition, PHILIP MORRIS INTERNATIONAL has also vastly surpassed the industry average cash flow growth rate of 96.55%.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 9.1%. Since the same quarter one year prior, revenues slightly dropped by 8.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • PHILIP MORRIS INTERNATIONAL's earnings per share declined by 15.5% in the most recent quarter compared to the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, PHILIP MORRIS INTERNATIONAL reported lower earnings of $4.42 versus $4.76 in the prior year. This year, the market expects an improvement in earnings ($4.47 versus $4.42).
  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Tobacco industry average. The net income has decreased by 14.8% when compared to the same quarter one year ago, dropping from $1,795.00 million to $1,530.00 million.

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